BRHY vs. BBHY
BRHY (iShares High Yield Active ETF) and BBHY (JPMorgan BetaBuilders USD High Yield Corporate Bond ETF) are both High Yield Bonds funds. BRHY is actively managed, while BBHY is passively managed. Over the past year, BRHY returned 7.21% vs 6.31% for BBHY. Their correlation of 0.81 suggests significant overlap in exposure. BRHY charges 0.45%/yr vs 0.15%/yr for BBHY.
Performance
BRHY vs. BBHY - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with BRHY having a 1.74% return and BBHY slightly lower at 1.73%.
BRHY
- 1D
- -0.05%
- 1M
- 0.40%
- YTD
- 1.74%
- 6M
- 1.92%
- 1Y
- 7.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BBHY
- 1D
- -0.15%
- 1M
- 0.49%
- YTD
- 1.73%
- 6M
- 1.91%
- 1Y
- 6.31%
- 3Y*
- 8.84%
- 5Y*
- 3.97%
- 10Y*
- —
BRHY vs. BBHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BRHY iShares High Yield Active ETF | 1.74% | 9.74% | 5.16% |
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 1.73% | 8.51% | 5.30% |
Correlation
The correlation between BRHY and BBHY is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2024 | 0.81 |
The correlation between BRHY and BBHY has been stable across timeframes, ranging from 0.81 to 0.87 - a consistent structural relationship.
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Return for Risk
BRHY vs. BBHY — Risk / Return Rank
BRHY
BBHY
BRHY vs. BBHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares High Yield Active ETF (BRHY) and JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BRHY | BBHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.33 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 2.67 | -0.05 |
| Martin ratioReturn relative to average drawdown | 12.01 | 11.90 | +0.11 |
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Drawdowns
BRHY vs. BBHY - Drawdown Comparison
The maximum BRHY drawdown since its inception was -4.42%, smaller than the maximum BBHY drawdown of -24.98%. Use the drawdown chart below to compare losses from any high point for BRHY and BBHY.
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Drawdown Indicators
| BRHY | BBHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.42% | -24.98% | +20.56% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -2.37% | -0.39% |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.00% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.32% | — |
Current DrawdownCurrent decline from peak | -0.35% | -0.29% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -0.39% | -2.36% | +1.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.60% | 0.53% | +0.07% |
Volatility
BRHY vs. BBHY - Volatility Comparison
iShares High Yield Active ETF (BRHY) and JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) have volatilities of 1.09% and 1.05%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRHY | BBHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 1.05% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.53% | 2.94% | -0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.24% | 3.68% | -0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.01% | 7.28% | -3.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.01% | 7.52% | -3.51% |
BRHY vs. BBHY - Expense Ratio Comparison
BRHY has a 0.45% expense ratio, which is higher than BBHY's 0.15% expense ratio.
Dividends
BRHY vs. BBHY - Dividend Comparison
BRHY's dividend yield for the trailing twelve months is around 7.84%, more than BBHY's 6.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 6.94% | 7.24% | 7.18% | 6.49% | 5.92% | 4.06% | 4.73% | 4.99% | 5.02% | 4.81% | 1.42% |
BRHY iShares High Yield Active ETF | 7.84% | 7.97% | 4.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BRHY and BBHY have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRHY has higher volatility (1.09%) compared to BBHY (1.05%). In terms of maximum drawdown, BRHY dropped -4.42% vs BBHY's -24.98%.
On 1-year performance, BRHY leads with 7.21% vs 6.31% for BBHY. On fees, BBHY is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BRHY has performed better with a 7.21% return vs 6.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBHY is cheaper with a 0.15% expense ratio, compared with 0.45% for BRHY.
BRHY has the higher dividend yield at 7.84%, compared with 6.94% for BBHY.
They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.45% for BRHY and 0.15% for BBHY.
BRHY currently has the higher Sharpe Ratio (2.24 vs 1.73), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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